BRIGHTSTAR RESOURCES LIMITED — Capital/Financing Update 2005

Aug 28, 2005

29 August 2005,

The Manager Company Announcements Australian Stock Exchange Sydney, NSW

Dear Sir / Madam,

Release of Restriction on Share issue to Wongatha People

As part of an Agreement reached with the Wongatha Claim Group last year, the Directors issued 531.371 ordinary fully paid shares in A1 Minerals Limited. The terms of the Agreement provided for the Wongatha to enter into a voluntary escrow agreement for twelve months from the date of issue.

The shares are quoted on ASX but had been subject to a trading lock, as the period of voluntary escrow has expired on 27 August 2005 the shares are now tradeable.

Yours faithfully,

Mark Pitts Company Secretary